- NIO reversed from support zone
- Likely to rise to resistance level 4.00
NIO recently reversed from the support area located between the multi-month support level 3.60 (which has been reversing the price from April of 2024) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the C-wave of the earlier intermediate impulse wave (B).
Given the strength of the support level 3.60 and the oversold daily Stochastic, NIO can be expected to rise to the next round resistance level 4.00 (former strong support from January).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。